After a long and special relationship between the two companies, the landscape is now becoming clearer, opening a new chapter in their collaboration.

The end credits of one of the biggest corporate "battles" of recent years have officially dropped. The 100% of Porsche shares now belongs to the VW group, in a development that a few years ago led to the opposite result, the acquisition of VW by Porsche. Be that as it may, the two companies have several common roots, with decades of collaboration. Most, with the completion of the acquisition they will be able to, beyond financial control, to share platforms, mechanical parts and technologies.

According to VW CEO Martin Winterkorn, "the path is now cleared, leading to a brilliant, common future. The even closer cooperation will allow us to strengthen the two brands and enrich our ranges with impressive, new models". He then added, “Porsche's unique brand will continue to grow successfully under VW's multi-company strategy. It will of course retain its own identity and operational independence, like all the companies of the group".

Source : autotriti.gr